Property and Equipment, net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5. Property and Equipment, net

Property and equipment are stated at cost less accumulated depreciation and impairment, and consist of the following at December 31, 2024 and 2023:

	December 31,
	2024			2023
Machinery and equipment	$	1,046,534		$	1,137,352
Furniture and fixture		636,939			669,502
Total cost		1,683,473			1,806,854
Less: accumulated depreciation and impairment		(1,123,828	)		(930,282	)
Property and equipment, net	$	559,645		$	876,572

Depreciation expense for the years ended December 31, 2024 and 2023 was $252,548 and $328,938, respectively.

The Company charged nil and $286,777 of impairment loss to the equipment related to COVID-19 POCT and classified it to the research and development expenses for the years ended December 31, 2024 and 2023, respectively.